Metals & Mining Theme, Ferrous, Non-Ferrous
September 01, 2025
Platts reflects updated Tokyo Steel ferrous scrap descriptions, specifications
HIGHLIGHTS
Updates descriptions of monthly Tokyo Steel Shindachi New Cut list prices
Updates quantity and payment specifications of all Tokyo Steel ferrous scrap grades list prices
Platts, part of S&P Global Commodity Insights, has updated the descriptions and specifications for quantity and payment terms of its monthly Tokyo Steel Shindachi ferrous scrap buying prices, effective Sept. 1, in reflection of the company's recent revision in its naming of the scrap grade.
The updated descriptions are:
| Code | Description before Sept. 1 | Description effective Sept. 1 |
| SB01221 | Shindachi Bara New Cut Unpressed Tokyo Steel Purchase Prc Dom Prod Dlvd Okayama Mthly | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Okayama Mthly |
| SB01222 | Shindachi Bara New Cut Unpressed Tokyo Steel Purchase Prc Dom Prod Dlvd Utsunomiya Mthly | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Utsunomiya Mthly |
| SBMAN03 | Shindachi Bara New Cut Unpressed Tokyo Steel Purch Prc Dom Prod Dlvd Okayama Mthly $/Ton | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Okayama Mthly $/mt |
| SBMAO03 | Shindachi Bara New Cut Unpressed Tokyo Steel Purch Prc Dom Prod Dlvd Utsunomiya Mthly $/Ton | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Utsunomiya Mthly $/Ton $/mt |
At the same time, the quantity and payment specifications in the list prices of all Tokyo Steel ferrous scrap grades have also been updated to reflect the company's standard terms as follows:
| Specification | Description before Sept. 1 | Description effective Sept. 1 |
| Quantity | 10-20kg to max loading capacity/truck | 25mt or less/truck 1,400mt or less/ship |
| Payment | Bank transfer 90 days from mid-month or end-month | Bank transfer 105 days from mid-month or end-month |
The full list of Tokyo Steel ferrous scrap list prices Platts publishes is as follows:
| Symbol | Description |
| SB01223 | Shredded Scrap Auto Tokyo Steel Purchase Prc Dom Prod Delivered Okayama |
| SBMAP03 | Shredded Scrap Auto Tokyo Steel Purchase Prc Dom Prod Delivered Okayama $/Ton |
| SB01109 | H2 Scrap Tokyo Steel Purchase Prc Dom Prod Delivered Okayama |
| SBMAD03 | H2 Scrap Tokyo Steel Purchase Prc Dom Prod Delivered Okayama $/Ton |
| SB01221 | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Okayama Mthly |
| SBMAN03 | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Okayama Mthly $/Ton |
| SB01224 | Shredded Scrap Auto Tokyo Steel Purchase Prc Dom Prod Delivered Utsunomiya |
| SB01110 | H2 Scrap Tokyo Steel Purchase Prc Dom Prod Delivered Utsunomiya |
| SBMAE03 | H2 Scrap Tokyo Steel Purchase Prc Dom Prod Delivered Utsunomiya $/Ton |
| SBMAQ03 | Shredded Scrap Auto Tokyo Steel Purchase Prc Dom Prod Delivered Utsunomiya $/Ton |
| SB01222 | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Utsunomiya Mthly |
| SBMAO03 | Shindachi New Cut Tokyo Steel Purchase Prc Dom Prod Dlvd Utsunomiya Mthly $/Ton |
All other specifications remain unchanged.
Detailed specifications may be found in the Global Steel, Ferrous Scrap, Ferroalloys and Noble Alloys Specifications Guide: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/metals/steel-ferrous-specifications.pdf.
The prices are published in SBB Steel Markets Daily and Steel Raw Materials Monthly, and in the Platts price database.
Please send any feedback, comments or questions to pl_asia_steel@spglobal.com and pricegroup@spglobal.com.
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